~ καλος και αγαθος

Obama’s Proposed Budget Increases the Debt

The plan shows that Obama will not take the lead on any aggressive measure to eliminate the nation’s $14 trillion debt. This sets up the Obama administration on a collision course with Republicans, who are calling for serious deficit reduction and spending cuts. On Friday night, House Republicans unveiled a spending bill to fund the government for the next seven months that they say will reduce the president’s requested spending levels this year by at least $100 billion. (Read more about that HERE.)